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Labrish
Nyuuz
Trump claims TikTok victory, Xi gives nod as Oracle cashes in
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[QUOTE="Munyaradzi Mafaro, post: 60993, member: 636"] President Trump executed an executive directive Thursday that sanctions the TikTok agreement for continued American operations. The decision followed discussions with Chinese President Xi Jinping, who endorsed the arrangement. A joint venture structure will govern TikTok's domestic activities with majority American ownership and control. ByteDance will retain under twenty percent equity while losing operational authority. American investors such as Oracle and Silver Lake will command the majority stake in this fourteen billion dollar entity. The new framework transfers algorithmic oversight to domestic parties rather than foreign entities. Vice President Vance emphasized enhanced data security measures that protect citizen information from external manipulation. This restructuring permits platform continuity while addressing national security concerns through American governance. [/QUOTE]
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Labrish
Nyuuz
Trump claims TikTok victory, Xi gives nod as Oracle cashes in
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